Lease conventions for asset leases
Important
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| Enabled for | Public preview | General availability |
|---|---|---|
| Users by admins, makers, or analysts | - | 
Mar 31, 2021 |
Business value
Lease conventions help ensure the accuracy of the data entry of the lease contract by starting with the lease start date and then letting the system determine the lease commencement date automatically.
Feature details
Lease conventions are used to determine the commencement date of a lease book. If the leasing convention is set to None, the commencement date is the same as the start date for the lease (that is, the value in the Lease start date field). If the lease convention is set to Full month, the commencement date is the first day of the month that the lease's start date falls in.
See also
Asset leasing conventions (docs)